2012 Federal Tax Rates

Federal tax rates for individuals vary, depending on the filing status of the taxpayer.  The following tables present the tax rates on 2012 taxable income [amounts rounded to the nearest dollar]:

FOR MARRIED FILING JOINTLY AND SURVIVING SPOUSES [consult your tax advisor to see if you qualify as a surviving spouse for tax purposes]

Taxable Income

Tax

Less than $17,401 10% of taxable income
$  17,401    to    $  70,700 $    1,740  plus 15% of excess over $  17,400
$  70,701    to    $142,700 $    9,735   plus 25% of excess over $  70,700
$142,701    to    $217,450 $  27,735   plus 28% of excess over $ 142,700
$217,451    to    $388,350 $  48,665   plus 33% of excess over $ 217,450
over $388,350 $105,062   plus 35% of excess over $ 388,350

FOR HEADS OF HOUSEHOLDS [consult your tax advisor to see if you qualify as a head of household for tax purposes]

Taxable Income

Tax

Less than $12,400 10% of taxable income
$  12,401    to    $  47,350 $    1,240   plus 15% of excess over $  12,400
$  47,351    to    $122,300 $    6,483   plus 25% of excess over $  47,350
$122,301    to    $198,050 $  25,220   plus 28% of excess over $ 122,300
$198,051    to    $388,350 $  46,430   plus 33% of excess over $ 198,050
Over $388,350 $ 109,229   plus 35% of excess over $ 388,350

FOR UNMARRIED TAXPAYERS [other than surviving spouses and heads of household]

Taxable Income

Tax

Less than $8,701 10% of taxable income
$    8,701    to    $  35,350 $      870    plus 15% of excess over $  8,700
$  35,351    to    $  85,650 $    4,868   plus 25% of excess over $  35,350
$  85,651    to    $178,650 $  17,443   plus 28% of excess over $  85,650
$178,651    to    $388,350 $  43,483   plus 33% of excess over $ 178,650
Over $388,350 $ 112,684   plus 35% of excess over $ 388,350

FOR MARRIED FILING SEPARATELY [there are some circumstances wherein married individuals will pay less tax filing separate returns as “Married Filing Separately” rather than filing a joint return – consult your tax advisor to see if this might help you]

Taxable Income

Tax

Less than $8,701 10% of taxable income
$    8,701    to    $  35,350 $     870   plus 15% of excess over $  8,700
$  35,351    to    $  71,350 $  4,868    plus 25% of excess over $  35,350
$  71,351    to    $108,725 $13,868     plus 28% of excess over $  71,350
$108,726    to    $194,175 $24,333     plus 33% of excess over $ 108,725
Over $194,175 $52,531     plus 35% of excess over $ 194,175
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Roy & Associates, PC serves clients in western Pennsylvania located predominantly in Westmoreland County, Allegheny County, and Fayette County.

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